| Reconciliation of the business combination elements to the consolidated statements of cash flows and the consolidated statements of stockholders' equity |
| | | | | | Business Combination | Cash – DCRC trust and cash, net of redemptions | | $ | 347,914 | Cash – PIPE Financing | | | 195,000 | Cash – Sponsor Funds | | | 264 | Non-cash net assets acquired from DCRC | | | (100,697) | Less: transaction costs and advisory fees for Legacy Solid Power allocated to equity | | | (5,991) | Less: transaction costs and advisory fees for DCRC | | | (41,897) | Net Business Combination | | $ | 394,593 | Add: non-cash net assets acquired from DCRC | | | 100,697 | Add: accrued transaction costs and advisory fees | | | 80 | Net cash contributions from Business Combination | | $ | 495,370 |
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| Schedule of number of common shares outstanding following the consummation of the business combination |
| | | | | Number of Shares | DCRC Class A common stock outstanding prior to Business Combination | | 43,710,000 | DCRC Class B common stock outstanding prior to Business Combination | | 40,000 | Less: redemption of DCRC Class A common stock | | (210,171) | Shares of Common Stock issued in PIPE Financing | | 19,500,000 | Shares of Common Stock issued to Legacy Solid Power shareholders | | 104,518,159 | Total shares of Common Stock outstanding immediately after Business Combination | | 167,557,988 |
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